Archives for 2016
Axiall surges as Lotte proposal raises prospect of bidding war
Axiall Corp. jumped the most in four months after South Korea’s Lotte Chemical Corp. said it made a takeover offer, raising the prospect of a bidding war with Houston-based Westlake Chemical Corp. for the U.S....
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Oil settles above $50 for first time in nearly a year
Oil on Tuesday settled above $50 a barrel in New York for the first time in nearly a year as prices continued their rebound from February’s low. West Texas Intermediate settled at $50.36, up 67...
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Rig contractor sees demand picking up as oil reaches $50 a barrel
HOUSTON – As crude prices push higher, a major U.S. drilling rig contractor says demand for its equipment is finally picking up after a long oil bust that sidelined more than 1,500 rigs across the...
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Shell to cut more costs as a result of BG Group merger
LONDON — Energy company Royal Dutch Shell will cut more costs, more quickly than previously planned, as a result of its merger with BG Group Plc this year. The Anglo Dutch company made the announcement...
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Tough year, but energy companies top Houston Fortune 500 firms
By Emma Hinchliffe Twenty-four Houston area firms, led by energy companies, made this year’s Fortune 500 list, released Monday. But the rankings, based on 2015 revenues, also showed that energy firms took a beating last year. The...
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